Forbes Media Acquires Investopedia.com

Apr 13, 2007


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Forbes Media has acquired Investopedia.com, a website for investor education. The company was founded in 1999 and is based in Edmonton, Alberta, Canada. Terms of the sale were not disclosed. Investopedia.com was founded in 1999 by Cory Janssen and Cory Wagner. Janssen manages the business development and R&D of Investopedia. Wagner focuses on the marketing and sales of the company. A third management leader is Tom Hendrickson, president of Investopedia Research Inc. They all will remain with the company. The Investopedia.com website draws over 2,500,000 monthly users. The site employs a network of financial experts and internal editing staff to produce proprietary content. There is a financial dictionary with over 5,300 terms used in personal finance, banking, and accounting.

(www.forbes.com; www.investopedia.com)